Higher Rates Start to Hit Home - Presented by: The Aol. On Network

All that Fed taper talk is finally hitting home. New home sales- which reflect contracts signed after rates spiked- down dramatically in July. Recent data had shown the housing recovery humming along... but the consequences of those higher rates are starting to show. For example- even though final sale prices on houses are still rising- there are signs home sellers are nervous. Trulia Chief Economist Jed Kolko:



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